In Google's first misstep to date, Google paid $1.68 billion dollars for a used Tube, Pipe and Rollform Machinery company located in Perrysburg, Ohio. Known overseas as "utube.com" and found on the web at www.utube.com.
UPDATE: Turns out Google didn't buy utube for $1.68 billion... It was YOUTUBE.COM...and...they already made their money back. :P